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AI Companies Face Potential Bust Bigger than Dot-Com Crash

AI Companies Face Potential Bust Bigger than Dot-Com Crash

Jul 21, 2025
ITC.ua

Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.

Funding Business
Scale AI Slashes Workforce, Pivots Business Strategy

Scale AI Slashes Workforce, Pivots Business Strategy

Jul 17, 2025
TechCrunch

Breaking news: Scale AI, a prominent AI data labeling company, undergoes a major restructuring, cutting 14% of its workforce, terminating contracts with 500 global contractors, and pivoting away from its core data labeling business following Meta's acquisition of a competitor.

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